XAG's Drone Force on the Rise to Reap More for Vietnam Farmers – Yahoo Finance

TRI TON, Vietnam, Sept. 19, 2022 /PRNewswire/ — Across Vietnam’s Mekong River delta, drones flying above the field to perform farm works have been gradually adopted in the rice paddies. Vietnam becomes one of the fast-growing markets for XAG Agricultural Drone, helping farmers address labor shortage and reduce costs. In the meantime, drone pilot is seen as the new favored career for rural youth, who can harness technology to make a good fortune in the agriculture sector.
The new rising force to grow rice yields
Nhan, a farmer who owns a 70-hectare rice field in the Bac Ninh Province, used to suffer from unstable yield and profit decline. He was not content with the performance of manual spraying that was costly and inefficient. As the cost of hiring workers had posed great pressure on his livelihood, he ordered services from KPT Fly Team to help him cultivate rice with XAG’s drone.
“Before approaching us, Nhan hired 20 to 25 workers to spray pesticides manually, but this often led to uneven spraying and waste of chemicals. Now because we have the tool of preventing pests more effectively, our team becomes his first option to reap harvest,” said by 30-year-old Khuong, KPT’s co-founder.
“With two XAG P100 agricultural drones, two small teams consisting of only 4 to 6 people can finish the fieldwork much faster and easier. While the drone sprays evenly and penetrate the rice crops more quickly, it can also spread seeds and fertilizers. Our service has helped him reduce labor cost and improve the yields.”
According to the World Bank, employment in agriculture in Vietnam has fallen from 65% to 36 % over the last two decades. Young people in rural areas have been moving to the city for more decent job. In face of rural aging, farmers complain that it is getting more difficult to hire workers to manage their rice fields.
The introduction of agricultural drone has changed the tune of young generation on rural development. It provides a decent work opportunity for rural youth who can build a new type of business like the KPT Fly Team or join as a drone pilot. They have become the new rising force to strengthen Vietnam’s role as ‘rice bowl’ of the world.
The key to win farmers’ trust
The KPT Fly Team was established in 2021 by a group of young engineers with experience in rice cultivation. They provide services to farmers in the Mekong River delta, using XAG’s drones to handle pests, sow seeds, and spread fertilizers.
Seeing the great potential of drone business in Vietnam farming is the main reason why Mr. Khuong and his counterparts established KPT. The shortage of manual labor, the high price of hiring workers, as well as the increasing cost of fertilizers and pesticide have prevented rice farmers from improving productivity. The output is unstable, and the profits farmers can receive seem to depend on luck.
The ideal income has also been attracting young people to step into this new career. According to Mr. Khuong, during the busy farming season, a drone pilot can earn 20.4-23.8 million VND monthly, far higher than the average salary in countryside and even in city.
Since started, the KPT has grown to a team with 4 founders and 16 operating pilots and served over 5,000 hectares of rice fields. “The XAG P100 drone makes us more confident in our effectiveness. Its 40kg payload enables operation at a larger scale. Simply setting parameters on the mobile app, the drone can do its work autonomously with minimal human intervention,” said Mr. Khuong.
However, promoting agricultural drone to the farmers has never been easy. Most farmers were used to spraying with a large amount of water and they doubted that drone is more effective in protecting crops with less water. To dispel farmers’ misgiving, the pilot team would carry out test flight and prove the efficiency of drone compared to manual operation. Calculations are made to show farmers the benefits of reducing waste and how this can save money for them.
“We commit to farmers that when our drones spray according to the amount of water we recommend, and if it is not effective, they will be compensated,” Mr. Khuong said. As the results do not fail their expectation, the KPT team is gaining more trust as well as increasing customers.
XAG’s agricultural drone is well credited for the level of its automation and precision, but what impresses KPT the most is the company’s agricultural ecosystem. From remote sensing drone to unmanned ground vehicle, XAG has also developed multiple types of products to focus on farmer’s various needs. More technologies will be applied on farm to yield a bright future.
Agriculture executives say that at least two years of bumper crops are needed to relieve pressure from drought and the war in Ukraine.
Farm equipment giant John Deere has led a $16 million funding round into Davis-based InnerPlant, which has developed technology that allows plants to signal farmers optically about their condition.
Climate change, a faltering economy and residual security issues have decimated Syria's 2022 grain crop, leaving the majority of its farmers in a precarious position, the United Nations Food and Agriculture Organization (FAO) said. Syria's 2022 wheat harvest amounted to around 1 million tonnes, down some 75% from pre-crisis volumes, while barley was almost non-existent, Mike Robson, FAO's Syria Representative told Reuters.
Second-Generation Owner Frank Bittner, Jr. Shares Keys to Longevity and Growth for the Family Business
Bank of America Co-Head of Investment Banking Debashish Purohit discusses India's investment climate and the outlook and opportunities for mergers and acquisitions. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets Asia".
(Bloomberg) — Not even the most hawkish Federal Reserve in decades can beat down the exuberance of gold enthusiasts at the industry’s biggest annual gathering.Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseSouthwest Mexico Struck by 7.5 Magnitude Earthquake, Buildings Sway in CapitalMark Zuckerberg’s $71 Billion Wealth Wipeout Puts Focus on Meta’s WoesTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ CrashesFrustrated and Snubbed, Putin Is Running Out of
Fedex, a darling of the pandemic explosion in online sales, said its dwindling business is a sign of an imminent global recession as consumers around the world cut back.
Crypto promoter Ian Balina has been charged with violating federal securities laws for his role in promoting – and later reselling – tokens connected to a 2018 initial coin offering (ICO).
Ryan Spicer, after more than 14 years with WarnerMedia and Turner Broadcasting, is joining Atmosphere, which operates a national out-of-home streaming news and entertainment network, to lead ad sales in the role of chief revenue officer. Most recently, Spicer served as VP of sales and partnerships for WarnerMedia Digital, which is now part of Warner […]
(Bloomberg) — Australia’s central bank recorded a “substantial” loss last fiscal year and is temporarily in negative equity, Deputy Governor Michele Bullock said, as she suggested rapid interest-rate increases haven’t yet taken policy into restrictive territory.Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ CrashesFed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight‘Mute Your Phones’: Trump Sp
Money can't buy you happiness, but what about working with a financial advisor?
(Bloomberg) — Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ CrashesFed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight‘Mute Your Phones’: Trump Special Master Hearing Descends Into ChaosSouthwest Mexico Struck by 7.5 Magnitude Earthquake, Buildings Sway in CapitalThe UK government borrowed almost twice as much as officially forecast in August, raising questions about the sustainability of th
HC Wainwright assumes coverage on Immunic Inc (NASDAQ: IMUX), a late-stage clinical biotech company developing oral small molecule inhibitors for multiple sclerosis (MS) and psoriasis. The analyst issued a Buy call on the stocks with a price target of $26. Lead drug vidofludimus calcium (IMU-838) is a novel oral DHODH inhibitor and Farnesoid X receptor (FXR) ligand currently in Phase 3 trials for relapsing MS (RMS) and Phase 2 trials for progressive MS (PMS). HC Wainwright notes FDA-approved San
Return-to-office rates have hit a pandemic high, per new Kastle data. But they're still not at pre-pandemic levels.
With advanced robots and 3-D printers, Hewlett Packard’s production lines in Singapore have automated away many jobs. WSJ visits the facility to unpack the benefits and risks of adopting high-tech manufacturing. Photo: Derek Wee for The Wall Street Journal
Both Roth IRAs and 401(k)s can be beneficial, but which is better for you?
Crypto exchanges FTX and Binance have reportedly made the highest bids on bankrupt crypto lender Voyager Digital Ltd. and its assets, but neither offer had been accepted as of Tuesday, according to a Wall Street Journal report. See related article: Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal Fast facts The WSJ article […]
United Parcel Service (UPS) closed at $180.03 in the latest trading session, marking a +1.88% move from the prior day.
Citi downgraded shares of Change Healthcare after a federal judge denied the Department of Justice’s request to block UnitedHealth Group’s acquisition of the company, paving the way for the transaction to close well more than a year since it was announced. Analyst Daniel Grosslight lowered his rating on Change (ticker: CHNG ) to Neutral from Buy. UnitedHealthcare ( UNH ) announced the intended acquisition last January.
Shares of Tencent Music Entertainment, China’s largest online music company, made a slow but steady start Wednesday in trading on the Hong Kong Stock Exchange. At the lunchtime trading break, the shares had climbed to HK$18.22, up from their opening at HK$18.00. They are traded under the number 1698. The company already has a listing […]


Leave a Comment